Welcome to our dedicated page for Fox Factory Hldg news (Ticker: FOXF), a resource for investors and traders seeking the latest updates and insights on Fox Factory Hldg stock.
Fox Factory Holding Corp. (NASDAQ: FOXF) is frequently in the news for its financial performance, product launches, and capital structure developments. The company describes itself as a premium brand and a global leader in the design, engineering and manufacturing of products that deliver championship-level performance for specialty sports and on- and off-road vehicles. Its disclosures highlight a portfolio of brands that includes FOX, Marucci, and Method Race Wheels, and a role as a direct supplier of shocks, suspension, and components to leading powered vehicle and bicycle OEMs, as well as a provider of premium baseball and softball gear and equipment.
News coverage on this page typically includes quarterly and annual earnings releases, where Fox Factory reports net sales, segment performance for its Specialty Sports Group (SSG), Aftermarket Applications Group (AAG), and Powered Vehicles Group (PVG), gross margin trends, operating expenses, and net income or loss. These releases also describe non-GAAP measures such as adjusted EBITDA, adjusted earnings per diluted share, and free cash flow, along with management commentary on tariffs, interest rates, and demand conditions in its end markets.
Investors can also expect product and technology announcements, such as the introduction of FOX Live Valve aftermarket kits for trucks and Jeeps. In that context, the company has detailed how Live Valve uses an Inertial Measurement Unit, electronic solenoids, computing hardware, and proprietary Live IQ software to sense vehicle dynamics and adjust damping at each wheel, with driver control via an in-cabin mode selector and the FOX Connect App.
In addition, the news feed may feature capital markets and financing updates, including references to amendments to the company’s credit agreement, as well as notices of upcoming earnings conference calls and webcasts. For anyone tracking FOXF, this page provides a centralized view of the company’s official press releases and related updates over time.
Fox Factory has launched its new community investment program, Trail Trust, aimed at promoting sustainable outdoor adventures. The initiative focuses on responsible land use and increasing diversity in cycling and power sports. With approximately $500,000 already awarded to over 20 outdoor organizations, the program seeks to enhance access for individuals with disabilities. This effort aligns with Fox's broader sustainability strategy, emphasizing environmental and social governance as integral to its operations.
Fox Factory Holding Corp. reported a record quarterly sales of $347.4 million for Q3 2021, a 33.3% increase from $260.7 million in Q3 2020. Earnings per diluted share rose to $1.03 from $0.90. Non-GAAP adjusted earnings per diluted share reached $1.19, up from $1.07. Gross margin declined to 33.4%, affected by supply chain costs. Operating expenses increased to $60.8 million, driven by higher employee and commission costs. For fiscal 2021, the company projects sales between $1,272 million and $1,292 million.
Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its third-quarter results for the period ending October 1, 2021, on November 4, 2021, after market close. A conference call hosted by the executive management team is scheduled for the same day at 4:30 p.m. ET, where they will discuss the earnings report in detail. The call will be accessible live via the Company's website and archived for a year. Fox Factory specializes in designing and manufacturing performance products for various vehicles, including bicycles and trucks, and supplies top OEMs as well as aftermarket retailers.
Fox Factory Holding Corp. reported a record second quarter for fiscal 2021, with sales reaching $328.2 million, a 79.2% increase year-over-year. Earnings per diluted share were $1.05, up from $0.32 in the same period last year. The company's gross margin improved to 33.9% from 32.8% as the non-GAAP adjusted gross margin rose to 34.1%. Major growth came from a 92.4% increase in Powered Vehicles Group sales and a 63.9% rise in Specialty Sports Group sales. The company also made two acquisitions, enhancing its market position, and expects third quarter sales between $300 million and $320 million.
Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its Q2 2021 results on August 5, 2021, following the market's close. A conference call with executive management will occur at 4:30 p.m. ET on the same date to discuss the financial results in detail. The call can be accessed live via the company's website, and will be archived for one year. Fox Factory specializes in performance-defining ride dynamics products for various vehicles, catering to OEMs and aftermarket supply.
Fox Factory Holding Corp. (Nasdaq:FOXF) will present at Baird's 2021 Global Consumer, Technology and Services Conference on June 8, 2021. The company specializes in designing and manufacturing performance-defining ride dynamics products for various vehicles, including bicycles, trucks, and specialty vehicles. FOX serves as a direct supplier to prominent powered vehicle OEMs and top bicycle manufacturers, providing aftermarket products through retailers and distributors. This strategic participation in the conference highlights FOX's commitment to growth and innovation in the industry.
Fox Factory Holding Corp. (Nasdaq: FOXF) has appointed three key leaders to strengthen its growth and strategic vision. Tom L. Fletcher is promoted to President, PVG Business & Corporate Strategy, focusing on enhancing product offerings and go-to-market strategies. Toby D. Merchant joins as Chief Legal Officer, bringing extensive corporate governance experience. Jackie B. Martin is elevated to Chief Purpose & Inclusion Officer, emphasizing inclusion and ESG initiatives. These changes aim to support FOX's evolving business framework and enhance operational efficiency for future growth.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported record first-quarter sales of $281.1 million, a 52.5% increase year-over-year. Earnings per diluted share reached $0.90, up from $0.21 in the same period last year. The gross margin improved to 34.8% from 30.7%, driven by higher sales volume and favorable product mix. Adjusted EBITDA was $60.4 million, representing a margin of 21.5%. For full fiscal 2021, the company expects sales between $1,110 million and $1,160 million and adjusted earnings per diluted share of $3.70 to $4.00.
Fox Factory Holding Corp. (Nasdaq: FOXF) will report its first-quarter results on May 6, 2021, after market close. A conference call with the management team is scheduled for the same day at 4:30 p.m. ET to discuss the results. The call will be accessible via the Company’s website and by phone. Fox Factory specializes in designing and manufacturing performance-enhancing ride dynamics products for various vehicles, including bicycles, trucks, and motorcycles, and serves leading OEMs in the powered vehicle sector.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported record fourth quarter sales of $262.4 million, a 41.2% increase compared to the previous year. Earnings per diluted share rose to $0.75, up from $0.58. Adjusted EBITDA was $51.2 million with a margin of 19.5%. For fiscal year 2020, total sales reached $890.6 million, an 18.6% increase year-over-year. The company expects first quarter 2021 sales of $255.0 million to $275.0 million and annual sales of $1,035 million to $1,085 million in fiscal 2021.